CS CHANA UPDATE – 04 September 2013

Indian chana, or chickpea, futures fell due to slack local demand as prospects of better sowing in the winter months and conducive weather for summer-sown pulses weighed on sentiment. Higher area under summer sown pulses is keeping chana prices under pressure, but festival buying should happen in the coming days.

CS CHANA (SEP.) OVERVIEW:


TREND CONSOLIDATE


SUP1:3015,
SUP2:2963,
RESIST1:3277,
RESIST2:3395.


TRADING STRATEGY: SELL ON RISE.

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